Asked by Emma
What prevents a monopolistic competition from being perfectly competitive?
A. Consumers are not knowledgeable.
B. The market is dominated by one firm.
C. Products are not identical.
D. The barriers to entry are significant.
Is it A?
A. Consumers are not knowledgeable.
B. The market is dominated by one firm.
C. Products are not identical.
D. The barriers to entry are significant.
Is it A?
Answers
Answered by
Ms. Sue
No.
https://www.investopedia.com/ask/answers/040915/what-difference-between-monopolistic-market-and-perfect-competition.asp
https://www.investopedia.com/ask/answers/040915/what-difference-between-monopolistic-market-and-perfect-competition.asp
Answered by
Emma
So the answer is C.
Answered by
Ms. Sue
Is that what you learned from the Investopedia article?
Answered by
Emma
Yes.
Answered by
Ms. Sue
Then it must be the right answer.
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